News
Petrol sales restricted in Russia's Tver Oblast
2+ hour, 7+ min ago (75+ words) " " " "! Fuel sales have been restricted at petrol stations in Russia's Tver Oblast. Source: local Russian media outlet Vsya Tver Details: The Ministry of Industry and Trade of Tver Oblast commented on the situation and said the restrictions apply to all…...
Sole traders in Russia have started going bankrupt en masse
4+ week, 1+ day ago (184+ words) " " " "! The number of bankruptcies among sole traders in Russia has risen significantly, increasing by 29% year-on-year in the first quarter of 2026 to 8, 146 cases. Source: The Moscow Times, an independent Amsterdam-based news outlet, citing Vedomosti, a Russian news outlet Details: The figures…...
Estonian defence minister says Europe facing rising defence production costs
1+ mon, 3+ day ago (243+ words) " " " "! Estonian Defence Minister Hanno Pevkur has said European countries are facing rising prices for defence products. Source: Bloomberg, as reported by European Pravda Details: Pevkur noted that in some cases prices for defence products have increased by more than 50% over…...
Russia cuts GDP growth forecast to near zero and expects higher inflation
1+ mon, 1+ week ago (173+ words) " " " "! The official forecast for Russia's GDP growth in 2026 has been lowered from 1. 3% to 0. 4%, while projected inflation has been increased from 4% to 5. 2%. Details: Russian Deputy Prime Minister Alexander Novak said the GDP growth forecast for 2026 had been set at 0. 4%, while the…...
Russia's budget deficit rises, exceeding annual target by 1. 5 times
1+ mon, 1+ week ago (178+ words) " " " "! Russia's federal budget deficit has increased significantly, exceeding its annual target by one and a half times. Source: The Moscow Times, citing data from Russia's Finance Ministry Details: The budget shortfall for January-April amounted to RUB 5. 88 trillion (about US$78. 9 billion…...
Russians face rising prices as border checks cause major delivery delays
7+ mon, 4+ week ago (314+ words) Russian consumers are likely to see prices rise as long queues of lorries have built up at the border with Kazakhstan following the introduction of tighter customs inspections. The delays are disrupting supply chains and increasing costs. Source: Russian media…...
World Bank sharply downgrades Ukraine's GDP growth forecast
8+ mon, 1+ week ago (200+ words) The World Bank has lowered its forecast for Ukraine's gross domestic product (GDP) growth in 2026 by more than 3%. Source: World Bank report Details: The World Bank now expects Ukraine's GDP to grow by 2% in 2026 instead of the previously projected 5. 2%. The…...
Russia's largest agricultural machinery producer suffers major collapse
8+ mon, 2+ week ago (128+ words) Russia's largest producer of agricultural machinery, Rostselmash, will cut production by 30% in 2025 compared with the same period last year. Source: The Moscow Times Details: It is noted that a total of 2, 700 harvesters and 800 tractors will be produced over the year....
Russia's Central Bank warns people of faster price rises due to new taxes
8+ mon, 2+ week ago (390+ words) Forecasts indicate that the tax increases planned by the Russian government for 2026 to fund its war against Ukraine will accelerate inflation. Source: The Moscow Times, an independent Amsterdam-based news outlet Details: Aleksei Zabotkin, Deputy Governor of the Russian Central Bank,…...
EBRD revises Ukraine's economic growth forecast for 2025: expectations have worsened
8+ mon, 3+ week ago (227+ words) The European Bank for Reconstruction and Development (EBRD) has lowered its forecast for Ukraine's real GDP growth in 2025 from 3. 3% to 2. 5%, while keeping the 2026 projection at 5. 0%, assuming the war with Russia will have ended by then. Source: EBRD, as reported by…...